2:35pm EST: ES Chart. Note an intra-day turn signal down in volatility printed between 11:00am and closing on 10/4/21.
12:16pm EST:
Volatility is creaking in the right direction [lower] so far. Waiting for closing numbers to show a turn signal down in volatility to confirm.
Original post-
Inverting the daily 200ma ARMS index gives us a valuable tool to compare favorable and unfavorable smoothed divergences between it and the internal VectorSpike indicator. The inverse print makes it easier to read [up = positive advancing volume]. Evidence presented indicates likely more upside to come short-term. A turn signal down in volatility is needed to confirm. The overall trend since early May in several indicators so far is not positive for the market medium-term.
Please make sure to view this in light of the prior post here.
Commentary: Probably there are more than a few looking at the current 'news' regarding debt default potential etc. as a potential catalyst for a market decline somewhere. Historical observation teaches us that these decisions are often controlled inside economic and sociological cycles and much less than by the voluntary actions of participants as many would like to perceive. Accordingly - the market already has it's course plotted in.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
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